Oil at $90 a barrel looks ‘unsustainable,’ says Citi analyst

Oil prices may head toward $100 “for a short while” amid output cuts and geopolitical tensions, but they’ll likely retreat by year-end, says one Wall Street analyst.

“The Saudi appetite to withhold oil from market, supported by Russia maintaining a certain level of export constraint, points to higher prices in the short term, all else equal, but $90 prices look unsustainable given faster supply growth than demand growth ex-Saudi/Russia,” Citi’s global head of commodity research Ed Morse and…

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